Ponzi Scheme Operators Face 10-Year Imprisonment, ₦20M Fine Under New Sec Law

  Senator Osita Izunaso, Chairman of the Senate Committee on Capital Market, has issued a stern warning to individuals and entities involved in fraudulent investment schemes. According to the new law recently assented to by President Bola Tinubu, promoters and operators of prohibited schemes now face stringent penalties, including a minimum fine of ₦20 million…

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Environmentalists Preach Wildlife Conservation, Waste-to-Wealth Initiative

Environmentalists from different parts of Nigeria have urged the African Union (AU) to adopt a strong policy for African wildlife conservation, prevent the extinction of African elephants, and promote waste-to-wealth artwork. A former Ondo State Commissioner for Environment, Dr. Funso Esan, and the state Goodwill Ambassador for Environment, Ms. Olayemi Olapeju, among other environmentalists made…

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Alerte App Will Revolutionise Emergency Response In Nigeria – Useghan

Founder of Alerte Universal Limited, James Useghan, has reaffirmed his commitment to transforming emergency response through technology, as he plans to integrate the Alerte app with government agencies and private security firms. He noted that Alerte is designed to provide immediate assistance in crises by integrating real-time location sharing, AI-driven safety recommendations, and seamless communication…

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Nigeria’s Trade Surplus Surges

  Nigeria’s trade surplus stood at N5.81 trillion in the third quarter of 2024, according to the latest foreign trade statistics report released this Friday. Data from the National Bureau of Statistics (NBS) shows that Nigeria recorded a total trade volume of N138 trillion, the highest in the country’s history, representing a 106% increase compared…

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Nigeria, Saudi Arabia Hold Talks On Economic Collaboration

The Nigeria government and Saudi have opened talks on key areas of economic collaboration, including industrial development, renewable energy, and infrastructure investments aimed at driving economic growth, job creation, and poverty reduction. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun on Friday in Abuja hosted a high-level delegation from the Saudi…

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